@uxkosta for us designers is probably even "worse", cause we can finally build the beautiful things we were drawing before.
also makes us realise that devs were just lazy when they didn't do the pixel-perfect stuff we delivered 😂
there are like 50 solana wallets on solana. why build another one was the biggest question we had last year.
the answer is simple. there are 3-4 major wallets and all of them are built for everyone. the user who just started and the user who’s been on solana for 5 years. same wallet. same UI. same defaults.
we started with a different premise. build the best wallet for the user who actively trades, manages multiple seedphrases, and doesn’t need the beginner-friendly approach.
every decision since has targeted that user.
every wallet does the same thing. integrate a couple of aggregators. slap on 0.85%. make more money than the aggregators themselves.
so why are advanced users on the same wallets?
why do you have to open a browser tab inside your wallet to use jup?
why use a bot to swap quickly and compromise self-custody?
even after paying 0.85%, your beginner-friendly-built-for-everyone-on-88-blockchains wallet can’t tell you when your entry has moved 1000%. because it’s fundamentally built to scale wide, not deep.
we needed to build something deep, not wide.
that’s @aurus.
@0x_Kun So $100 in 2005 is ~$300 today even with a truer inflation rate, and $100 invested to SP500 in 2005 is ~$500 today. I know the return on SP isn't what it seems but how is it that it "just" keeps up with inflation?
There is a perverse game that we play today with the concept of inflation that I hope we stop
We all know CPI is bs but then when CPI figures come out we debate about how its lower or higher or that Fed should cut interest rates
The reality is we are just doing the "we know its BS but this is the game you suggesting playing mr government so we are going to hold you to your BS numbers"
But the problem is in doing that we also trick ourselves and it causes people to falsely believe the hurdle rate is lower - you hear people who know better on how TIPs or some bond is paying a real rate when they also know its BS
We get stuck with using fake terminology and even Bitcoiners will say things like "inflation is below the fed target rate" so they should cut when we should always be saying that its BS and leaving it at that
Based on the official CPI stats in the last 20 years it rose 62-65% so $100 is now same as $160~ (according to this)
But if you use pre 1983 inflation measurement then in last 20 years it rose 180-210% so $100 in 2005 is now same as $300~
So even on this inflation is 6-7% a year and even then its too low as it doesnt consider many things
The SP500 is only near flat with inflation at about 7.4% a year over the last 20 years - we trick ourselves in thinking buying SP500 is about getting wealthy over time when its just about maintaining purchasing power the way "a penny saved is a penny earned"
The reason they will never change the definition back is not due to a conspiracy though its because so many things have CPI adjusted increases in obligations so its not just a definition change but impacts government spending
@0x_Kun I think it's tough to compare Argentina index with US index as US index has way more global monopolies than the Argentina one.
These monopolies are expected to dominate the index so it should be closely tracking them in returns?
No matter who you listen to these days they all say the same thing "buy sp500" or "buy real estate"
This is true from a nominal standpoint and better than cash but once the boomers start exiting for retirement and passive bid turns into passive exits the gains will become nominal from money printing but in real terms will be just treading inflation
There has never been a time where the whole population is in on the game 30-40 yrs before they retire and that just works out - it will be better than cash but its not going to provide people what they think
In 20-30 yrs we will be dealing in worthless money compared to today
BTC/Gold/Global Monopolies and your home as consumption good is the only things worth owning long term
When a country goes into super high inflation the index is worthless in real terms ie Argentina BUT if there is a company with global revenues regardless of what the currency changes to ownership of that company is valuable
My belief is that like many countries you will eventually say "im a multi deca millionaire" in dollar terms and it will be like saying "im a pesos millionaire"
If you think in dollar terms and you are young you will live to see the day that it sounds stupid
When you think about wealth instead of thinking in dollars think about what you own for its own sake and how that asset will behave even if the denominator changes
People who think just in "my NW is X dollars" are going to be the lower middle class
I use to think mass media and things were useless but there is just as much to learn there by listening with a filter of what they are not mentioning/what they have little knowledge on etc
Ways you can practice this is via first principles questioning
Ie if an oped piece is in wall st journal - instead of just reading you want to first ask why did this person decide to pay money to have this published instead of doing something else, what do they gain, what is the perception angle they are hoping to hit, why now, what other things have they done in last few years etc
An in doing so you don’t learn anything reading the article but you learn via what’s not there
This may be obvious to many but for many its a new way to engage
I use to say there is no alpha in consensus but I misspoke
There is two types of alpha
Alpha where what’s said is taken word for word and is direct alpha
And then there is alpha where you read between the lines or see what’s not being said
When you find sharp alpha take note
When you find consensus read what’s not there
Domains acquired @DeGodsNFT fam!
It's time to build our version of y00tsboothdotcom. There's already no stopping us now imagine when we're the loudest project on the TL.
Whose with me?
I was super bullish on @pudgypenguins and the positivity I thought they brought to the NTF space… but then I met the community.
This is the question I asked. Pretty standard, just to get a feeling of what I’m about to invest in.
Trading digital assets has been, is, and always will be the #1 PMF for crypto.
Jpegs making kinder surprise toys is fucking stupid.
"Nasdaq on a blockchain" is fucking cool.
@redacted_noah Depends on how you prompt it. Copilot x gets the context at which it's running on and potentially the core business logic that you're trying to satisfy, so it can create abstractions for you too.
AI has the ability to write code for you, which is especially useful in more verbose low level languages. But when ai copilot hits, will this cause people to produce more code with fewer abstractions? Thus substantially increasing tech debt. Abusing AI = painful refactors.
Looking for a front-end dev for @BlocksmithLabs.
Requirements:
1. Convert figma screens to beautiful code.
2. Passionate about web3.
3. Hungry for success.
4. Ship code in a thunderstorm.
What's your favorite quote that inspires you and stayed with you for a long time?
Mine is "Hoping for the best, prepared for the worst, and unsurprised by anything in between."
It gives me the mindset to not only focus on the plan A but also have plan B, C and D.